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Realty firms see jump in enquiries and purchases by Gulf-based NRIs

Covid-19-induced Job losses in West Asia, falling oil prices, and security of owning a house in one's native country are driving trend, say developers

Topics
Real estate firms | Real Estate  | Gulf Cooperation Council

Raghavendra Kamath & Samreen Ahmad  |  Mumbai/Bengaluru 



real estate, buildings
Bengaluru-based Puravankara sold 50 units to GCC buyers the past two months. Representative image.

Though have been dealt a body blow by the nationwide lockdown, one segment of their market has witnessed a surprising uptick in enquiries and sales. Non-resident Indians (NRIs) based in West Asia are snapping up properties in India as they prepare to come back to the home country in the wake of the coronavirus pandemic.

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First Published: Wed, June 03 2020. 18:04 IST

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